Voltalia

Voltalia raised revenue in the second quarter by 35% to €198 million. Energy revenue climbed 40% to €118.2 million, supported by newly commissioned capacity in South Africa and Uzbekistan and a €17 million compensation payment in Brazil. The company lowered its year‑end capacity target from about 3.7 GW to 3.6 GW due to more selective project initiation, but confirmed its 2026 guidance and reported growth in its services divisions. » Plus sur de.investing.com

Voltalia shares fell more than 11% to €6.80 after Morgan Stanley downgraded the stock from "Equal-Weight" to "Underweight" and cut its price target from €8 to €7. The bank cited a valuation high versus peers (EV/EBITDA >14x), substantial debt and operational risk from the Brazil exposure, where a 23% curtailment hit in 2025. Morgan Stanley trimmed its 2026 EBITDA forecast by 19% to €229m and sees bear/base/bull scenarios of €4/€7/€12; the consensus price target stands at €11.20. » Plus sur de.investing.com

Voltalia shares rose after a Bloomberg report that the company is pursuing data-center projects in Ceará with partners such as ByteDance and Brookfield and is in talks with Alphabet and Meta. Voltalia could supply power to the data centers under power purchase agreements from its own renewables projects in northeastern Brazil. Morgan Stanley sees such PPAs as a potentially attractive sales channel that could reassure investors about the outlook for the Brazilian project pipeline. The report is based on unconfirmed, unnamed sources. » Plus sur de.investing.com